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Catch up fast:These events rocked the markets today.
Weekly Five Key Areas: Earnings, Macro, Singapore Stocks, Options, Futures
Covering five major market segments this week to help you stay ahead of market trends and plan your trades effectively!
🌍 Monday — Macro Economy
U.S. equities extended their rally into the first week of December, with the Nasdaq Composite (+0.91%) and Russell 2000 (+0.84%) leading and the S&P 500 posting a smaller gain. Light volumes underscored cautious optimism that the Federal Reserve will cut rates at its upcoming meeting. Treasury prices fell as longer-dated yields rose, while high-yield bonds advanced and munis outperformed Treasuries despite heavy supply.
Data painted a split picture: ISM manufacturing PMI slipped for a ninth straight month to 48.2 on weaker orders, deliveries and hiring, yet input costs rose faster. In contrast, the services PMI climbed to a nine-month high of 52.6 and its price index dropped 4.6 pts to 65.4%, the slowest pace since April. September PCE inflation was unrevised at 0.3 % m-o-m (2.8 % y-o-y) and core PCE at 0.2 %, but October figures are still delayed.
Labor-market signals softened. ADP private payrolls fell 32 k—the steepest drop since March 2023—while Challenger job-cut announcements topped 71 k, lifting 2024 lay-offs to 1.17 m, the highest since 2020. Encouragingly, initial jobless claims sank to 191 k, a 27-year low, and the University of Michigan consumer-sentiment index rose 2.3 pts to 53.3 as one-year inflation expectations eased to 4.1 %, their fourth consecutive decline.
The week ahead: December 8-12
📌【Today’s Question】
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